10 important inclusions in Health Insurance by IRDA

IRDA may plan to include 10 treatments in your Health Insurance as announced by Zee Business. With this move, you need not take separate cover for these ailments. The dental problem that needs 24 hours of hospitalization will be part of this treatment. Another common issue like infertility treatment is also covered. Diseases like HIV and other transmitted diseases will get coverage as well. Hormone replacement therapy along with stem cell implantation is also protected. With growing issues like obesity and mental ailments, IRDA felt the need to include them as well. Increasing need for cosmetic surgery affected IRDA to make it a part of 10 procedures that its plan to cover.

To sum up we have the following 10 treatments that IRDA plans to cover.

  • The dental problem that needs hospitalization
  • Infertility
  • HIV
  • STD
  • Hormone Replacement Therapy
  • Obesity
  • Stem Cell Implantation
  • Cosmetic Surgery
  • Eye treatment
  • Mental Ailments

As of now to cover the above ailments you need to buy riders or add-ons. The cost that we need to pay to add currently excluded treatment is quite high. To avoid additional cost this step has been initiated by IRDA. Vulnerability towards these 10 common health hazards is also one of the reasons for such a move by IRDA.

Tapan Singhal, CEO – Bajaj Allianz General, says – “Health Insurance is an evolving sector. It can have a great impact on the life of people”

These 10 treatments coverage, may captivate more people to buy health Insurance plans. There may be a slight hike in the premium which may be better than paying for separate cover. This move by IRDA can nudge people taking faster treatments for overlooked ailments. These 10 treatments are ignored as they are currently not covered by health plans. Covering diseases like obesity & mental illnesses can make a difference in the health ecosystem. People often take these alarming sickness casually. They may be more reluctant to treat them because of their exclusion in the health plan currently. However, by their inclusion, they can be cured at a faster pace.

In the words of Aalok Gupta- Director – Neurogen Hospital – “It’s very good step by IRDA”

Implementation of this action by IRDA can prompt many people to buy Health Insurance. Policyholders may get a chance to upgrade the existing plan as per the latest changes as well.

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